lease-purchase agreement

lease-purchase agreement
An agreement that allows for portions of lease payments to be used to purchase the leased property. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • lease purchase agreement — A lease that includes an option for the lessee to purchase the leased property at a time and under terms specified in the lease. American Banker Glossary …   Financial and business terms

  • lease-purchase agreement — A lease in which the payments go towards the purchase of the asset. See also hire purchase …   Big dictionary of business and management

  • Lease purchase contract — A lease purchase contract (or lease option contract) is the abbreviated form of the appropriate term lease with option to purchase contract. It is a form of real estate purchase which combines elements of a traditional rental agreement with an… …   Wikipedia

  • Lease Option — An agreement that gives a renter the choice to purchase a property during or at the end of the rental period. As long as the lease option period is in effect, the landlord/seller may not offer the property for sale to anyone else. When the term… …   Investment dictionary

  • end-of-lease purchase price — If there is a purchase option in the lease contract or agreement, this will be the agreed upon price for the purchase of the vehicle at the end of the lease the stated residual value. This price may also include additional fees …   Dictionary of automotive terms

  • agreement — agree·ment n 1 a: the act or fact of agreeing by mutual agreement b: unity of opinion, understanding, or intent; esp: the mutual assent of contracting parties to the same terms if they reach agreement ◇ Under common law, agreement is a necessary… …   Law dictionary

  • LEASE AND HIRE — The Hebrew term sekhirut embraces the lease of immovable property (houses and fields) as well as the hire of movable property and personal services, and is a near parallel of locatio conductio rei in Roman law. In this article the term hire is… …   Encyclopedia of Judaism

  • Lease Extension — A legal agreement that extends the term of a rental agreement. The lease extension document should name the parties to the agreement, provide the dates on which the extension begins and ends, and reference the earlier agreement that is being… …   Investment dictionary

  • agreement — noun 1 contract/decision ADJECTIVE ▪ draft ▪ The draft agreement will be available before the meeting. ▪ formal, signed, written ▪ binding …   Collocations dictionary

  • Lease To Own — An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time. More… …   Investment dictionary

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